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5238 West Melrose Street

5238 West Melrose Street, Chicago, IL 60641
Property in Cragin
1 Units For Sale
Unit for sale at 5238 W Melrose Street, Chicago, IL 60641

$480,000

  • 6 Beds
5238 W Melrose Street, Chicago, IL 60641 Listing by Karen Mika

5238 West Melrose Street in Chicago, IL was first built in 1927 and is 97 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5238 West Melrose Street has 2,452 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,750 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5238 West Melrose Street was last sold in Aug 17, 2023 for $482,000. According to our calculations, that's $196.57 per sqft. Prior to that sales transaction, the property was sold for $480,000 in Jun 22, 2006. Current property owners are expected to pay $7,409 in taxes per year. The property on 5238 West Melrose Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,000. To break that down further, the land itself was valued at $9,375. While improvements to the property were assessed at a total of $26,625. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,750
  • Total Building Area: 2,452
  • Gross Building Area: 2,452
  • Building Area: 2,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELMONT GARDEN ADD/ACTIVE REALTY
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : ORTEGA RAUL GARCIA
  • Current Owner 2: GARCIA SILVIA ARROYO
  • Previous Owner : GARCIA AGUSTIN
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 151100

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-21-326-025-0000
  • Lot: 67
  • Meridian: SEC 21 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9398
  • Longitude: -87.7583

    Address

  • Full Address: 5238 W Melrose St
  • Address - House Number: 5238
  • Street Direction: W
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C047
  • 4-Digit Zip Code: 4376
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,409
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 437,237
  • High Value: 548,959
  • Low Value: 325,514

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $216,900
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Open Lien Mortgage Recording Date: Oct 05, 2023
  • First Open Lien Mortgage Loan Amount: $216,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2053

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $93,750
  • Market Improvement Value: $266,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $9,375
  • Assessed Improvements Value: $26,625

    Sales

  • Current Sale Contract Date: Aug 17, 2023
  • Current Sale Recording Date: Oct 05, 2023
  • Current Sale Transaction ID: 11913997867
  • Current Sale Price: $482,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 33035
  • Previous Sale Recording Date: Jul 07, 2006
  • Previous Sale Contract Date: Jun 22, 2006
  • Previous Sale Amount: $480,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Mortgage Transaction Date: Oct 05, 2023
  • First Mortgage Loan Amount: $216,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jul 07, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $384,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jul 01, 2036

About Northwest Side



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Frequently Asked Questions

What neighborhood is 5238 West Melrose Street located in?
The 5238 West Melrose Street is a located in the neighborhood of Cragin in Northwest Side, Chicago.
How many listings are currently for sale in 5238 West Melrose Street?
There is one unit for sale right now.
What is the average sales price for listings in 5238 West Melrose Street?
The average sales price for units in 5238 West Melrose Street is $480,000 currently.

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